Advertisements
Advertisements
Question
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
What are the other sources from which the small farmers can borrow?
Advertisements
Solution
The other sources from which the small farmers can borrow are moneylenders, relatives or friends, self-help groups and cooperative banks.
APPEARS IN
RELATED QUESTIONS
Why is the supervision of the functioning of formal sources of loans necessary?
"Deposits with the banks are beneficial to the depositors as well as to the nation." Explain the statement
How can the formal sector loans be made beneficial for poor farmers and workers? Suggest any five measures.
What is the basic idea behind the SHGs for the poor? Explain in your own words.
Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss.
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
Explain with an example of how the terms of credit can be unfavourable for the small farmer.
In a SHG most of the decisions regarding savings and loan activities are taken by ______.
How can more employment be created in agriculture sector alone ? Explain any three ways.
Why do banks or lenders demand collateral against loans?
Answer the following question.
Explain the importance of 'collateral'.
